Darcey’s brain dump on all sorts of things on her favorite subject….Money! Email: darcey.martin@d2dsolutions.com

Money Challenges–They usually fall into 3 buckets

Remember all Money challenges usually fall into 3 different buckets:

Spending:

This can only be addressed once you fill out the Money Worksheet (if you don’t have this, a simple piece of paper with all your bills/accounts on it )and let it flow into the Financial Statement (worksheet that breaks down income/expenses/assets/liabilities). You need to know where you are before you can see where your money is going. Once that is completed and it is determined what your Weekly Spending is, remember Misc Spending/4. Once that is determined use your Money Tracker or cash in an envelope method. Another tool that is super helpful in this area is the D2D Money Calendar.

Security/Safety Net/Savings:

This can be accomplished several different ways, any way you do it, make sure you have at least 6 months of expenses available to you (remember that you know what that is since you have your Financial Statement). This could mean a savings account. But more realistically you could just have this money “available” to you be it an Equity Line off your house or a low interest balance transfer card that sits available for emergencies. If you have questions on individual health care coverage, I will be more than happy to help you sort out your options with you and do break-even analysis to help you decide which plan best fits your needs.

Goal Setting:

Now that you have the Financial Statement, you are able to go to the next step of Goal Setting, both short-term and long term. There are many goals and many ways to look at goals, it starts with a very long look at what is important, what do you want? Then we just have to figure out how to get you there. Once it is determined what you are working towards, it is easy to set up a “bucket” to work towards that goal through the D2D Money Calendar. Also the Financial Statement Cash Flow line item will give you an idea of how much money you have to work towards the goal each month. Also by using the Financial Statement you can track your progress through several line items:

The Debt Pay-Off Worksheet can also be useful and give you some targets and a plan to help put on paper a timeframe for removing debt.

If you would like to have some guidance and actually get all your information uploaded into the worksheets, then get one on one coaching as we look at things and help guide you in the next steps and answer any and all questions you may have along the way. See the services section for more info on this.